USDINR - 24Jan2022
On the daily, price bounced higher but faced bearish pressure and is consolidating just below the 20EMA. As long as the price didn't close above 74.70, we could expect price to face bearish pressure.
On the H4, price pulled back below 38.2% Fib at 74.346. It could potentially pulled back to 61.8% at 74.115. If the price break above 74.70, we could expect it to trigger inverse h&s for higher prices.
This is for personal record purposes only, not financial advise or solicitation of trade.
On the daily, price bounced higher but faced bearish pressure and is consolidating just below the 20EMA. As long as the price didn't close above 74.70, we could expect price to face bearish pressure.
On the H4, price pulled back below 38.2% Fib at 74.346. It could potentially pulled back to 61.8% at 74.115. If the price break above 74.70, we could expect it to trigger inverse h&s for higher prices.
This is for personal record purposes only, not financial advise or solicitation of trade.